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BMO Nesbitt Burns hires linked note experts


Date: Monday, September 20, 2004

BMO Nesbitt Burns has hired two specialists to the firm's newly created equity linked and mutual fund linked products group. Luke Seabrook has been named head of the department, and along with Duncan Marks will develop non-proprietary products for the firm. "We believe linked products provide investors with a meaningful alternative," said Seabrook. "There is a large investor audience who are not willing to risk their principal but are dissatisfied with the current level of interest rates paid on low risk investments." The firm also has announced the launch of the Franklin Templeton Investments bestlink Protected Note, Income Trust Class, Series 1, which is linked to the Bissett Income Fund Series A. The note has a five-year term of maturity and is principally guaranteed at maturity.